Thursday, September 12, 2024 9:26:10 PM
Yes, I considered that $5K month not a ton of money, though it helps bottom line.
Keep in mind a new iUGO software version has been developed and is soon to be released. Old (current) version to be used to example their product, previously held from release for competitive reasons. Canadian contracted software development team (labor costs) has been eliminated, to rely on remaining Canadian in-house employees and their Costa Rican software team.
But, at $30M a year revenue, and that an audit likely costs about .42% of revenue, and round up, that's about $125K to $150K per audit year. Cost of audit loosely based on this: https://www.ifac.org/_flysystem/azure-private/publications/files/IFAC-Audit-Fees-Survey-2022.pdf Cost of audits seems doable to pay.
And they have relayed they actually intend to release the 2024 Audited annual report on time by Oct. 31st, 2024. Which means the 2023 audited annual report will be (expected to be) released prior.
Plus an intended company update monthly is currently intended, which further suggests wheels have begun to move and roll.
.
© 2024, by StockItOut
Hertz Energy Provides Antimony and Critical Minerals Projects Update and Announces Financing • HZLIF • Dec 20, 2024 9:00 AM
North Bay Resources Announces Arrival of 42 Tons Gold Ore at Bishop Gold Mill, California • NBRI • Dec 20, 2024 9:00 AM
Consumer Automotive Finance Subsidiary Drago Knives Narrows Down Potential Partner to Manufacture Patented Throwing Knives • CAFI • Dec 20, 2024 9:00 AM
$ASNS - Is this the Next Big Cybersecurity Stock? How Actelis Networks is Revolutionizing Critical Infrastructure Protection • ASNS • Dec 20, 2024 8:50 AM
UAV Corp's (UMAV), Skyborne Technology to Build "SKY" Hangar at Its Costin Airport Scheduled for Groundbreaking Ceremony Winter 2025 • UMAV • Dec 20, 2024 8:30 AM
UAV Corp. (UMAV) Reduces Authorized Shares by 1.2 Billion, Demonstrating Commitment to Shareholders; New Authorized Share Count Approved at 800 Million • UMAV • Dec 17, 2024 12:00 PM